Cheaper 2021 Kia K5 Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 28, 2024

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Nobody that owns a car loves paying for auto insurance, particularly when the cost is too high. Online insurance companies like GEICO and Progressive constantly blast consumers with TV and radio ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

Low cost insurance coverage prices

Cutting your insurance coverage rates is actually quite simple. You just need to take a few minutes comparing free auto insurance quotes to find the company with low cost auto insurance quotes. It’s super easy and can be done by following the guidelines below.

  1. The single most time-saving way to find low rates is to use a rate comparison form. This style of form prevents you from having to do separate quote forms for every insurance coverage company. Completing one form will return quotes from all major companies.
  2. A slightly less efficient method to analyze rates requires a visit to the website for every company you want to compare and complete a new quote form. For sake of this example, we’ll pretend you want to view quotes from Nationwide, 21st Century and GMAC. To get rate quotes you would need to go to every website to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

It doesn’t matter which method you choose, just make absolute certain that you use the same coverage limits and deductibles on every quote. If you compare different liability limits it will be very difficult to get a fair rate comparison.

Insurance coverage rates and discounts

Car insurance companies do not advertise the complete list of policy discounts in an easy-to-find place, so below is a list some of the more common and the harder-to-find credits available to you. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Drivers Education – It’s a good idea to have your young drivers complete a driver education course in school.
  • Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save up to 10 percent (depending on the company) off the medical payments premium.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
  • Discount for Passive Restraints – Options like air bags or motorized seat belts may qualify for discounts up to 30%.
  • New Vehicle Savings – Buying a new car instead of a used car can save you some money because new vehicles are generally safer.
  • Early Renewal Discounts – Select insurance coverage companies give a discount for buying a policy early. This discount can save up to 10%.
  • Anti-theft Discount – Vehicles optioned with advanced anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Save with More Vehicles Insured – Insuring multiple cars on a single policy can get a discount on all vehicles.

Don’t be surprised that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

Companies that may offer these benefits may include but are not limited to:

  • Progressive
  • Farmers Insurance
  • Farm Bureau
  • State Farm
  • Liberty Mutual

If you need lower rates, check with every insurance company which discounts you qualify for. Some discounts listed above might not be offered in every state. To see a list of insurance companies offering insurance coverage discounts, enter your zip code here.

Smart consumers can reduce insurance rates

It’s important that you understand the rating factors that go into determining insurance coverage rates. When you understand what positively or negatively impacts your premiums, this enables informed choices that may result in much lower annual insurance costs. Many different elements are used in the calculation when you get a price on insurance. Some of the criteria are obvious like an MVR report, although others are less apparent like where you live or your vehicle rating.

  • Never let your coverage expire – Having a gap between insurance policy dates is a fast way to drive up your policy premiums. Not only will you pay higher rates, being ticketed for driving with no insurance could earn you fines and jail time. You may have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Single drivers may pay more – Being married helps lower the price when buying insurance coverage. Marriage translates into being more responsible and statistics prove drivers who are married file infrequent claims.
  • Extra policy coverages can cost a lot – There are a lot of optional add-on coverages that can waste your money when buying insurance coverage. Things like coverage for rental cars, towing coverage, and Farm Bureau memberships could be just wasting money. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so remove them from your policy.
  • Pay more out-of-pocket – Your deductibles represent how much money you are required to pay if you file a covered claim. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some coverage claims could be a windshield broken by a bird, damage from fire, and damage from wind. The more of the claim you pay before a claim is paid (deductible), the less your insurance coverage will be on K5 coverage.
  • Better rates on vehicles with better crash test results – Cars with high safety ratings get lower rates. Vehicles built for safety have better occupant injury protection and lower rates of occupant injuries translates directly to fewer claims which can mean better rates for you.

Situations that may require an agent’s advice

When it comes to buying adequate coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can aid in determining if your insurance needs might need professional guidance.

  • Do I need an umbrella policy?
  • Do I need replacement cost coverage on my 2021 Kia K5?
  • Should I waive the damage coverage when renting a car?
  • Should I sign the liability waiver when renting a car?
  • Will filing a claim cost me more?
  • What is covered by UM/UIM coverage?
  • What if I total my 2021 Kia K5 and owe more than it’s worth?
  • Is my camper covered by my car insurance policy?
  • Is my teen driver covered when they drive my company car?
  • What are the financial responsibility laws in my state?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code. It’s fast, free and you can get the answers you need.

Auto insurance coverages

Having a good grasp of insurance helps when choosing the best coverages for your vehicles. Insurance terms can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from insurance companies.

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on other people or property. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as medical expenses, bail bonds and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as doctor visits, EMT expenses, dental work, funeral costs and nursing services. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Collision protection

This covers damage to your K5 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like crashing into a building, hitting a mailbox, sideswiping another vehicle and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your Kia K5.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like hitting a deer, falling objects, hitting a bird, a broken windshield and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

In conclusion

We just presented many ideas to reduce 2021 Kia K5 insurance prices online. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from an unexpected company. Some small companies may have significantly lower rates on certain market segments compared to the large companies like Progressive and GEICO.

Budget-conscious 2021 Kia K5 insurance is available from both online companies in addition to local insurance agencies, and you should compare price quotes from both to have the best chance of lowering rates. Some companies may not have rate quotes online and most of the time these small, regional companies only sell coverage through independent insurance agents.

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